chinese company: Berlin has initially rejected and later decided to review the acquisition, which would take months, according to Xinhua China. The alarming move came only days after Berlin, without explanation, re-opened review of the sale of the German semiconductor maker Aixtron to a Chinese company for "security concerns," in a sudden annulment of the clearance certificate it issued last month that confirmed the buyer credibility. Local business news magazine Wirtschafts Woche reported Thursday that the German Economy Ministry has suspended a bid of Chinese companies to take over Osram general lighting lamps business. Germany repeated scrutiny of deals with Chinese investors does not bode well for potential purchasers from other parts of the world. The country protectionist moves could also rid its troubled firms of the chances for revival thanks to overseas capital. If such relentless government interference continues, German tax payers will bear the brunt of their government unpredictability and untrustworthiness in global trade policies.
(news.financializer.com). As
reported in the news.
Tagged under chinese company, clearance certificate topics.